Calculate the annual growth rate of nominal GDP in the following examples: Nominal GDP in 1930: $97
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Calculate the annual growth rate of nominal GDP in the following examples:
Nominal GDP in 1930: $97 billion. Nominal GDP in 1931: $84 billion.
Nominal GDP in 1931: $84 billion. Nominal GDP in 1932: $68 billion.
Nominal GDP in 2000: $9,744 billion.
Nominal GDP in 2001: $10,151 billion.
(Source: Historical Tables, Budget of the United States Government, Congressional Budget Office.) nju7
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